Gambling News

Venture Capitalists Infuse More Money Into Betable

London-based online gambling website Betable has just received another $18.5 million in a round of funding led by Venture51, according to Christopher Griffin, CEO of Betable. So far, the Web gambling firm has raised an impressive $23 million in venture capital.

From The Wall Street Journal:

Submitted by Aaron Goldstein on, Tue, 11/05/2013 - 15:36

Study Finds That Brains of Gambling Addicts Present Abnormalities

University of Granada researchers have analysed similarities and differences in psychological profile and brain function when comparing cocaine addicts and gambling addicts. The study reveals that gambling addicts present brain function abnormalities affecting their decision-making capacity.

Submitted by Press Release on, Tue, 11/05/2013 - 12:29

PokerStars to Give Away More Than $1.5 Mil With 'November Mission Weeks' Promo

ONCHAN, Isle of Man – PokerStars Tuesday unveiled a new promotion called ‘November Mission Weeks’, which will award more than $1.5 million in cash giveaway prizes to players of all abilities and stakes across three weeks.

Submitted by Press Release on, Tue, 11/05/2013 - 11:44

Robert Gustafsson Slapped With Second Indictment re: Alleged Embezzlement

Another Gambling911.com world exclusive as we have learned that late Tuesday evening (Philippines time) that the Global Internal Audit (Asset Management Group) investigating the alleged embezzlements by former Bodog director Robert Gustafsson and his so called "Swedish Mafia" have leveled yet another indictment against Gustafsson, former CFO Arleen Aldaba, Sherwin Quiambao and Sylvia De Guzman.

Submitted by Jagajeet Chiba on, Tue, 11/05/2013 - 11:20

Jay Farber vs. Ryan Riess: And The 2013 WSOP Main Event Winner Is....

The 2013 World Series of Poker Main Event final table was cut down to its final two players. Tuesday, the second leg of the conclusion to this epic event will take place between Jay Farber and Ryan Riess kicked off at 6 pm PST and was not decided until after Midnight Eastern Standard Time with Reiss leading in number of chips. Reiss Wins!!! (And the winner is....See how it all went down here)

Submitted by C Costigan on, Tue, 11/05/2013 - 06:32

David Benefield, Mark Newhouse First Elimination of WSOP Main Event Final 2013

Mark Newhouse was the first to say “good bye” and big name player David Benefield was quick to follow at this year’s World Series of Poker Main Event Final table.

Submitted by Ace King on, Mon, 11/04/2013 - 22:45

No Way Around Las Vegas Style Casino Gambling Coming to South Florida

Editorial cartoonist Chan Lowe of the Sun Sentinel has proclaimed the obvious: big name brand casino gambling is coming to sunny South Florida, and we’re not just talking Tribal casinos.

State politicians are hunkering down and working on bills to help bring Las Vegas style casinos to the Sunshine State.

Submitted by C Costigan on, Mon, 11/04/2013 - 22:20

Americas Cardroom Asks Poker Players to Name 2nd Progressive Race With $5k Contest

San Jose, Costa Rica – Americas Cardroom is giving players the power to call the shots in the marketing department. The US-friendly online poker site announced today that they're putting $5,000 on the table for players who can help come up with a name for their new progressive points race designed for sit & go players.

Submitted by Press Release on, Mon, 11/04/2013 - 20:15

World Series of Poker Main Event Final Table Kicks Off This Evening

The big day is finally here. The 2013 World Series of Poker Main Event final table kicks off this evening and all the poker world will be clamoring to find out who the next World Champion will be.

Submitted by Press Release on, Mon, 11/04/2013 - 15:34

Oddsmakers Way Off on Twitter IPO

PaddyPower.com, the Irish bookmaker, had been offering odds of Twitter’s IPO coming in between a value of $15 billion and $20 billion. That was the favorite one month ago and it appears they may have been a little bit off.

Just 30 days ago, initial public offering experts were floating a market capitalisation for Twitter of around $10 billion

Submitted by Aaron Goldstein on, Mon, 11/04/2013 - 12:19

Chavit Singson Claims to be Victim of the Robert Gustafsson Gang

We have a new reader on Gambling911.com, it’s rumored the former Governor of Philippine province Ilcos Sur Luis ‘Chavit’ Singson really liked that we chose a picture of him next to his favorite pet tiger. Multiple sources also allege that Chavit Singson has stated Robert Gustafsson, Patrik Selin and their so-called "Swedish Mafia" had swindled him out of $3 Million US.

Submitted by Jagajeet Chiba on, Sun, 11/03/2013 - 22:15

Bookies Celebrate New Orleans Saints Loss to Jets

With the New Orleans Saints outright loss to the New York Jets, bookies made out like bandits Sunday. The Saints were seeing the most wagering action of any other team in the NFL Week 9.

More than 85 percent of those betting the Saints-Jets games were backing New Orleans.

The Dallas Cowboys were another public favorite on Sunday and, while they did manage to win outright, the Cowboys failed to cover the -10 point spread.

Submitted by Tyrone Black on, Sun, 11/03/2013 - 20:31

Crackdown on Michigan Charity Poker ‘Millionaire Parties’ Causes Backlash

LANSING, Michigan — (Associated Press) - Poker's rise in popularity has helped Michigan's charities and civic groups stay afloat at a time of dwindling donations from elsewhere.

And efforts to rein in a charitable gambling industry that has grown more than 20-fold in a decade are sparking backlash.

At stake is the future of "millionaire parties." The casino-style events allow nonprofits licensed to hold gambling events to split cash proceeds with unlicensed poker rooms that provide the space, dealers and supplies.

Submitted by Associated Press on, Sat, 11/02/2013 - 20:30

Legends Sports Money Transfer Point Person Pleads Guilty

A female employee of the now shuttered online sportsbook Legends Sports has plead guilty in a New York federal court to laundering $8 million.

Submitted by C Costigan on, Fri, 11/01/2013 - 11:35

Equity Poker Network Gears Up For Real-Money Gaming Launch

San Jose, Costa Rica - Following a successful beta-test phase of flagship online poker room, FullFlushPoker.com, the Equity Poker Network (“EPN”) has confirmed a November 8^th launch of their real-money gaming options. EPN’s shift from free-play to full real-money gaming finally gives Operators a viable, profitable alternative, and provides players across the Network with a safe, secure and entertaining poker experience with prize money on the table.

Submitted by Press Release on, Fri, 11/01/2013 - 11:15

Nevada Casino Winnings Up 7.4 Percent in September

CARSON CITY (AP) — Nevada casinos won $958.8 million from gamblers in September, representing a 7.4 percent increase over the same month last year due largely to big betting on baccarat and luck that favored the house, state regulators said Thursday.

Submitted by Associated Press on, Thu, 10/31/2013 - 19:42

MGM Resorts 3rd Quarter Loss Narrows

LOS ANGELES - (Reuters) - MGM Resorts International posted a narrower third-quarter loss on Thursday and was optimistic about a planned new casino in Massachusetts, although lower-than-expected margins at its Chinese and Las Vegas operations disappointed some analysts.

MGM's net loss slimmed to $31.9 million, or 7 cents a share, from $181.2 million, or 37 cents, a year earlier. Excluding items, analysts, on average, looked for a loss of 3 cents a share, according to Thomson Reuters I/B/E/S.

Revenues rose 9.2 percent to $2.46 billion.

Submitted by Reuters on, Thu, 10/31/2013 - 15:38

Borgata Sees 7 Percent Increase in 3rd Quarter Revenues

ATLANTIC CITY — (Associated Press) - Revenue at Atlantic City’s top casino increased by nearly 7 percent in the third quarter of this year.

The Borgata reported net revenue of more than $200 million, an increase of 6.9 percent.

Its earnings were up nearly 40 percent to $46.6 million due to better luck at table games.

The casino also increased its share of the Atlantic City casino market by three percentage points, to 21.4 percent.

Submitted by Associated Press on, Thu, 10/31/2013 - 12:03

Divorcing PartyGaming Founders Sell Stake in Gambling Firm Ahead of NJ Bid

Two of online gambling’s richest people are divorcing and will also be giving up their respective shares in bwin.party, the world’s largest digital gambling firm.

Submitted by Ace King on, Thu, 10/31/2013 - 10:51

Caesars Entertainment Post Worse-Than-Expected 3rd Quarter Losses

LAS VEGAS (Associated Press) — Caesars Entertainment Corp. said Tuesday that its third-quarter loss expanded by more than 50 percent due to weakness in the U.S. gambling market and stiffer competition.

Casino revenue fell 7 percent because of fewer visitors to its properties in Atlantic City and other U.S. markets outside of Nevada. Caesars also lost revenue from selling part of its stake in a casino in Uruguay.

The company lost $761.4 million, or $6.03 per share, for the quarter that ended Sept. 30. A year earlier its loss was $505.5 million, or $4.03 per share.

Submitted by Associated Press on, Wed, 10/30/2013 - 22:19

Rats Could Provide Breakthrough for Curing Gambling Addiction

Gambling addiction could soon be cured thanks to our furry little friend, the rat.

Submitted by Jagajeet Chiba on, Wed, 10/30/2013 - 22:11

IAA Issues Statement Regarding Lock Leaving Revolution Network

IAA has issued its own statement regarding Lock Poker leaving the Revolution network to start its own independent online poker site effective yesterday (Tuesday). Gambling911.com maintains a stellar relationship with both Cake Poker (partnered with IAA) and Lock Poker and hope both companies can move forward in their respective directions and prosper.

Both companies went to war this week.

IAA responded to Lock’s accusations against them featured on the Gambling911 website Tuesday:

Submitted by Press Release on, Wed, 10/30/2013 - 16:20

Advocates Worry Over Veteran Gambling Addiction

NEW HAVEN, Conn. (Associated Press) — Advocates for gamblers struggling with their addictions are turning their attention to military veterans.

Counselors and other specialists told a Connecticut conference on Wednesday that helping veterans is difficult because few acknowledge they have a problem and seek help.

Submitted by Associated Press on, Wed, 10/30/2013 - 15:04

Second Hearing Planned for Florida Gambling

LAKELAND, FL (Associated Press) — Will the Sunshine State take a gamble on gaming?

Florida state senators are holding the second of four public hearings about the future of gambling in the Sunshine State.

More than 50 people have signed up to testify Wednesday during a meeting that will be held at the George Jenkins High School auditorium in Lakeland.

The Senate Gaming Committee will also hold hearings next month in Jacksonville and Pensacola.

Submitted by Associated Press on, Wed, 10/30/2013 - 10:38

FullFlushPoker.com Confirms November 8 Launch of Real Money Poker, Gaming

San Jose, Costa Rica – FullFlushPoker.com (“FFP”) is primed and ready to go live with full real-money gaming options on Friday, November 8^th, when the new online poker room’s Cashier will be available for player deposits, and the FFP tables will finally open for much-anticipated ring games, buy-in tournaments, and sit n gos. (learn more about FlushFlushPoker.com here)

Submitted by Press Release on, Wed, 10/30/2013 - 10:19

Delaware Ready to Go With Halloween Launch of Online Gambling

DOVER, Del. (Associated Press) — Delaware lottery officials are beginning real-stakes Internet gambling in Delaware with an element of secrecy.

State lottery director Vernon Kirk said Tuesday that officials will conduct a “soft launch” of online gambling on Thursday with a select group of preferred players.

He refused to say who those players are, how they were selected, or how many there are, saying state officials have decided to keep that information confidential

Submitted by Associated Press on, Tue, 10/29/2013 - 22:58

More Gambling High Rollers Paying Up as Economy Improves

(Associated Press) - How do you know the economy is coming back? High rollers are paying their gambling debts.

All four major U.S. casino corporations bumped up their allowances for bad debt during the recession, with one company estimating that fewer than half of outstanding debts would be repaid. Now, companies have lowered their estimates to pre-recession rates.

Submitted by Associated Press on, Tue, 10/29/2013 - 21:28

Lock Poker Customers Exposed to Automatic Download of Different Client

Following the termination by "Lock" of its contract with the Revolution Network earlier today it has come to Lock’s attention that players who attempt to log onto the Lock software are being redirected by the network to a page that contains false and misleading information and, rather than being presented with the new Lock 2.0 software, customers are subjected to an automatic download of competing poker software.

DOWNLOAD NEW CLIENT HERE

Submitted by C Costigan on, Tue, 10/29/2013 - 17:57

PokerStars Micromillions 6 Set for November With 100 Events and $5 Million

ONCHAN, Isle of Man – PokerStars today announced that the world’s most popular online poker series, MicroMillions, will return from November 14-24. The sixth series will have 100 events and $5 million in guaranteed prizes.

Submitted by Press Release on, Tue, 10/29/2013 - 12:03

Cantor Gaming Claims Former Director Acted Alone: US Gov Investigation Ongoing

The New York Times on Tuesday unveiled a lengthy investigative piece into Cantor Gaming and the ongoing investigation into potential improprieties surrounding the firm.

Submitted by C Costigan on, Tue, 10/29/2013 - 11:52